Tax Subsidy Self-Reporting

In accordance with Bill #160015, approved by Philadelphia City Council and signed by Mayor Kenney on September 15, 2016, the Department of Commerce has developed the following self- reporting form to collect economic development data from Philadelphia businesses subject to the aforementioned legislation.

This bill requires reporting by businesses that: 1) receive $50,000 or more in financial assistance or subsidy (in the previous calendar year) originating from public dollars through the approval of the City as defined within the legislation with certain terms and conditions, to self-report information about economic outcomes and job creation; or 2) are located in a KOZ and have $2 million or more in gross revenues.